Request for Comment on DRAFT Proposed New Bulletin B-5.XX Concerning Extension of Policyholders Benefits in the Event of a Catastrophic Disaster

The Division is seeking informal comments on the following DRAFT proposed new bulletin:

• DRAFT Proposed New Bulletin B-5.XX Concerning Extension of Policyholder Benefits in the Event of a Catastrophic Disaster

The Division is aware that some policyholders may not have the ability to complete the rebuild of a total loss home due to a wildfire within the insurer’s policy timelines. The purpose of this Bulletin is to inform insurers of the Division’s position concerning delays in claim handling for policyholders who have suffered a total loss during a catastrophic disaster, which may further delay rebuilding of the property.

The Division is requesting informal comments be submitted no later than 5 PM, October 20, 2021, to DORA_INS_RulesandRecords@state.co.us.

This draft proposed new bulletin, as well as other draft bulletins currently released for informal public comment, can be found on the Division's website via the button below:

Bulletins out for Informal Comment 

Other Division bulletins currently in effect can be found via the following link:

DOI Bulletins

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